Economy Why equity investors need to moderate their return expectations Updated : November 11, 2019 09:11 PM IST We have indeed witnessed a change in valuation bands in equity, bonds, commodities and currencies. The corporate earnings growth is closely correlated to ‘nominal GDP growth’ of the economy. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.